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Is Solana's Price Surge Linked to Ethereum's Fees and Bonk Airdrops? 📈
The #surge in Solana's SOL price by over 60% in a week to $118 seems driven by Ethereum's spiking gas fees, pushing users towards Solana's lower transaction costs.
This shift led to a 400% increase in active addresses on Solana compared to Ethereum. Additionally, recent #airdrops like Bonk memecoin and rising decentralized exchange volumes on Solana fueled the price hike.
Institutional investment flows into Solana surpassed #Bitcoin and Ethereum, with $14.1 million inflows in December. Despite technical indicators suggesting a potential bearish divergence, if SOL's price fails below $100, it might dip to $66; a rise above $130 could drive it towards $157.50.
Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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